SEC’s crypto pivot has ‘not been priced in,’ Bitwise exec says
Bitwise chief investment officer Matt Hougan remarked on “the most bullish document I’ve read on crypto.” Crypto investors may be underestimating the extent of the US securities regulator’s new stance on crypto, meaning that crypto prices would still have room to grow, according to the chief investment officer of Bitwise. US Securities and Exchange Commission […]
Solana treasury race heats up as firms hunt staking rewards
Three public companies increased their Solana holdings this week, as BitGo speculated that firms are buying Solana to stake it and earn rewards. Public companies are scooping up Solana to get a slice of the blockchain’s staking rewards, with three firms recently sharing they’ve purchased more of the token. Bitcoin mining firm Bit Mining said on Tuesday […]
Ether ‘mega whales’ continue buying through weekend dip
Ether “mega whales” continued buying the cryptocurrency, which dipped and began recovering over the weekend. Ether whales continued to buy the cryptocurrency in droves, according to onchain analysts, as ETH recovers from a weekend dip. “Somebody is buying a ton of ETH,” blockchain analytics firm Arkham Intelligence said on Sunday, with one address accumulating $300 […]
Bitcoin company Metaplanet kicks off August with first big buy
Metaplanet scooped up 463 Bitcoin on Monday, making it the first public company to capitalize on the August Bitcoin dip. Metaplanet snapped up 463 Bitcoin on Monday, making it the first public company to capitalize on Bitcoin’s 5% weekend dip. The Japanese investment company bought the Bitcoin BTC$114,632 for 8 billion Japanese yen ($53.7 million), an […]
Cardano community approves $71M treasury spend for network upgrades
Prior to the proposal passing, Cardano’s Technical Steering Committee submitted a competing bid and users expressed concern about transparency and accountability. Cardano’s core development team received approval to be paid 96 million ADA from the treasury to forge ahead with proposed upgrades to the network. Input Output Global (IOG) — Cardano’s main development team — submitted the […]
Tron network founder Justin Sun returns from space
The Tron founder said it has been a long-time dream to travel to space and reflected on the fragility of the planet following his return. Justin Sun, founder of the layer-1 Tron blockchain network, returned safely from a commercial spaceflight on Saturday, alongside five other crew members aboard Blue Origin mission NS-34. The other crew […]
Bitcoin hodlers ‘bleed’ as Binance daily inflows near 7K BTC
Bitcoin exchange inflows have been increasing for over a month, and the latest BTC price drawdown has made nervous sellers double down. Key points: Bitcoin BTC$114,781 hodlers are selling across the board as BTC price action dips below $112,000, data suggests. Numbers from onchain analytics platform CryptoQuant show both newer investors and whales sending coins to exchanges. Bitcoin […]
$3.5B Bitcoin heist from 2020 retroactively uncovered — Arkham Intel
The $3.5 billion heist is the single largest cryptocurrency hack and went unreported by both parties for years, according to Arkham. Chinese mining pool LuBian was hacked in 2020 for 127,426 Bitcoin BTC$114,659, valued at about $3.5 billion at the time, making it the biggest crypto hack in history, according to blockchain analytics platform Arkham […]
Bitcoin mining difficulty hits ATH, but is projected to drop in August
The Bitcoin mining difficulty is crucial to both miner profitability and ensuring that BTC is not mined faster than the protocol allows. The Bitcoin BTC$114,727 mining difficulty hit an all-time high of 127.6 trillion this week, but is projected to drop during the next difficulty adjustment on August 9. Mining difficulty is expected to fall by […]
Small setups, big wins: Is solo Bitcoin mining making a comeback?
With Bitcoin’s hashrate near all-time highs, solo miners continue to land full block rewards, thanks to efficient ASICs and a heavy dose of luck. Solo miners have been defying the odds, successfully claiming full Bitcoin block rewards even as the network hashrate hovers near all-time highs. As of this writing, the Bitcoin BTC$114,751 network’s hashrate is […]
